Sensex and Nifty peak fresh record high, Idea Cellular gains

stock market trading up Share markets opened marginally higher on Friday on positive economic cues. The BSE Sensex was up 170.16 points or 0.50% at 34,139.80. The NSE Nifty-50 index was up 46.25 points or 0.44% at 10,551.05 in the later morning hours.

Shares Idea Cellular limited rose on the back of fundraising plans that involves raising Rs 3250 crore by selling shares on a preferential basis.

Shares of Maruti Suzuki, Yes Bank, Adani Ports, TCS, Tata Steel, Bharti Airtel gained up to 2.25% and were among the top gainers of Sensex stocks. The heavyweight shares such as TCS, Infosys, Maruti Suzuki, HDFC Bank, ITC, L&T, Yes Bank, HDFC, and contributed the most to the Sensex upsurge.

The Nifty Metal Index rose higher, led by gains in shares of Hindalco Industries and Vedanta, over 1 percent, tracking the overnight rise in global metal prices.

The Indian rupee gained more strength, ending at a fresh 2½ year high against the US dollar on Thursday. The rupee opened down by 5 paise at 63.58, but very swiftly pared the morning losses and added 16 paise to hit a day’s high of 63.37 vs the US dollar.

Sensex, Nifty trade higher, auto Stocks and banking stocks fall

Stock trading tips Sensex and Nifty were trading higher in early trade, tracking positive signs from Asian markets and continued rally in metal stocks. The BSE Sensex was up 42.12 points or 0.12% at 33,835.50. The NSE Nifty-50 index was up 13.60 points or 0.13% at 10,456.50 in the late morning hours. Shares of ONGC, Dr. Reddy’s and IndusInd Bank rose, whereas shares of ICICI Bank, Tata Motors and Yes Bank fell. 

Metal stocks keep on gaining on the back of growing global commodity prices. The Nifty Metal Index rose 0.5 percent in early trade, led by more than one percent gains in shares of Vedanta Ltd and Welspun Corp.

Tata Motors fell 1.1% to Rs.252 after the company announced its US JLR sales fell 9.4 percent to 11,394 units. Shares of Oil & Natural Gas rose 1.3 percent to Rs. 196.15 after international crude oil prices hit a 3-year high.

In Nifty-50 index, shares of Asian Paints and ONGC rose 1.5%, each, Dr. Reddy’s rose 1.2% and Coal India up 1% as the top gainers while Shares of Tata Motors fell 1.4%, HCL Tech slipped 1.06%, ICICI Bank down 0.86%, Yes Bank down 0.55% and Sun Pharma lose 0.41% as the top losers in today’s trade.

Sensex, Nifty record highs, RCom shares gain, Investment Advice in Intraday

stock market investment Key indices opened little higher on Friday with Sensex and Nifty nearing their respective all time highs. The BSE Sensex gained 170.69 points to open at 34,018.72 and the NSE Nifty added 45.25 points to open at 10,523.15 in the later morning hours.

Shares of Tata Steel, Power Grid, Larsen & Toubro, Adani Ports, SBI, Sun Pharma, NTPC, Axis Bank were the major gainers, while shares of Wipro, ICICI Bank, and M&M lost up to 0.2% on Friday.

Shares Reliance Communication (RCom) jumped 21% as the company reportedly plans to sell its

wireless infrastructure assets, spectrum, tower etc’to Reliance Jio Infocomm. The stock of RCom has more than tripled in the last one week.

The NSE Nifty Metal Index rose 0.6 percent, tracking higher global commodity prices. All the sectoral indices of NSE were trading in green with Nifty PSU Bank, Nifty Pharma, Nifty FMCG, Nifty Auto leading the charge.

The Indian rupee was trading a bit higher against US at 64.03 per dollar, up 0.08 percent from its Thursday’s close of 64.08.

Sensex rises record high in early trade, RCom shares spikes

Sensex Nifty up Key benchmark indices extended gains after markets opened even with Sensex picking on with a little up move. BSE Sensex gained 74.89 points to open at 34,085.50 while NSE Nifty started a little move by 6.10% at 10,537.60.

Shares of Reliance communication (RCom) kept gains after an enormous surge in the stock prices on Tuesday, when Anil Ambani announced the total debt of the company would be reduced by Rs 39,000 cr.

Shares of RIL, Yes Bank, Sun Pharma contributed the most to the Sensex gains. Sectorally, Nifty pharma and Nifty Realty leading the charge while Nifty banking sector shed up to 0.24%.
Shares of Yes Bank, Sun Pharma, ONGC, HUL, Dr Reddy’s, RIL, Tata Steel, Maruti Suzuki, and NTPC come out as the top gainers on Sensex while Wipro, ICICI Bank, Coal India and Asian Paints were losers.

Oil Company shares such as Bharat Petroleum Corporation, Hindustan Petroleum Corporation and Indian Oil Corporation fell nearly 1 percent each in early trade owing to a surge in crude prices globally, on Tuesday.

Sensex, Nifty hit lifetime highs on early trade: Infosys down 1.3%

Sensex Nifty high Live Market- Sensex and Nifty started the holiday-shortened week on a positive note in the opening trade, led by gains in shares of TCS and metal and mining companies. BSE Sensex reached its peak high of 34005.37 and Nifty reached at 10,500 l in early trade. However, in the after hours the indices were trading lower.

The broader markets were also supported by positive footing in shares of GAIL India, Vedanta Ltd, ONGC rising up 0.7 to 1.1%.

Shares of Infosys’ down 1.3%, on Nifty50, while shares of Tata Consultancy Service rose 1.5% in early trade after a report said the company will renew large outsourcing contracts.
The Indian rupee opened marginally higher at 64.03 per dollar on Tuesday against 64.05 on Friday.